Infrastructure Spending Will Not Revive the Economy - WSJ.com

Back in the 30s when Infrastructure spending got us out of the Great Depression, it was the infrastructure of the future - highways, dams, etc. Today, the equivalent would be spending on the 21st century infrastructure - technology, communication, healthcare, education. I agree with Andy on all the areas. I might add additional areas like - increased spending on radically new cures for diseases like cancer, diabetes and a variety of genetic disorders, making our schools the best in the world bar none, spending on new energy technology - solar, wind, gas and also safer nuclear power.

Infrastructure Spending Will Not Revive the Economy - WSJ.com

How much difference 9 months make

I just noticed my blog post from last June and gas was touching almost $5. This weekend I took another picture with gas at close to $2!
How long do we have before inflation sets in? I say drive all you can - see California. I can recommend this great show - "Bay Area Backroads" for some excellent weekend driving ideas:









Here's the picture from June 2008

Is democracy a panacea?

A lot of people in India are feeling that democracy is overrated - it hasn't helped us deal with the national security issues and the tough economic decisions - specially on infrastructure fall prey to political in-fighting and vote bank politics. The Western media though continues to give India higher marks than China - perhaps to fulfill its own prophecy!

I'm kinda divided on this - I see good reasoning on both sides of the debate - haven't come to a conclusion yet. What do you think?